GFDRR’s support of sustainable recovery—also known as its Track III business line—is aimed at early, post-disaster recovery in low-income countries through its Standby Recovery Financing Facility (SRFF). Track III is less programmatic than Track I and Track II because it is deployed for post-disaster situations, but it does work to build national capacity and facilitate knowledge management with the long term in mind.
Track III, or SRFF, support adheres to a set of guiding principles and includes two financing windows:
- Window 1: The technical assistance (TA) fund: To support damage, loss, and needs assessments, and develop national capacity for recovery planning and implementation;
- Window 2: The callable fund for accelerated recovery to provide speedy access to financial resources for disaster recovery and reconstruction.
TA participating donors: Australia, European Commission, Norway, and Sweden
- For Cyclone Nargis in Myanmar: Australia, Sweden
- For Sichuan earthquake in China: Australia
Callable fund participating donors: Denmark, European Commission, Italy, Luxembourg, Switzerland, and USAID’s Office of U.S. Foreign Disaster Assistance (OFDA)
- For Cyclone Sidr in Bangladesh: Denmark, the European Commission, and Italy
For more information on Track III, see Sustainable Recovery